Follow the Money to Medical Devices & Diagnostics
Spotlight on Bigfoot Biomedical
Follow the Money to Medical Device & Diagnostic Opportunities highlights a newly funded medical device or diagnostic company. This includes important insights into the featured company’s product pipeline, manufacturing and business relationships, and likely sourcing opportunities.
Bigfoot Biomedical is a U.S. private company that develops a fully automated insulin delivery system for the management of type 1 diabetes. It raised $35.5 million in a completion of a Series A venture capital investment as reported in the PharmSource Lead Sheet on October 27, 2016.
- Bigfoot Biomedical was founded in November 2014 under the name “SmartLoop Labs.” The company was renamed in February 2015.
- Corporate Headquarters: Milpitas, CA
- Bigfoot Biomedical plans to use the proceeds to support the development of its automated insulin delivery system.
Device: Bigfoot smartloop insulin system™
Development Phase: Pivotal studies
Medical Specialty: Diabetes/Endocrinology
Purpose: Device – Drug Delivery
Type: Sensor/Analyzer; Pump
Description: An easy-to-use automated drug delivery system for the treatment of type 1 diabetes
US – PMA planned
US – IDE approval
Classification: US Class III
- January 2016: $2.38 million in a completed private debt placement
- July 2015: $3.8 million in a completed private debt placement
- May 2015: $3.0 million in a private debt placement
Medical Device & Diagnostics Pipeline1
|Product Candidate||Indication||Medical Specialty||Purpose||Type||Status|
|Bigfoot smartloop insulin system||Type 1 diabetes||Diabetes/
|Sensor/Analyzer; Pump||Pivotal Studies|
Regulatory Approvals and Clearances
|Product Candidate||Region||Approval/Clearance||Year of Approval or Clearance|
|Bigfoot smartloop insulin system||US||IDE Approval||2016|
1Source: PharmSource Lead Sheet
|Bigfoot Biomedical||Key Officers|
|1561 Buckeye Drive||Jeffery Brewer, President & CEO|
|Milpitas, CA 95035 USA||Jon Brilliant, CFO|
|Phone: +1-408-716-5600||Rick Mendoza, Quality Assurance Specialist|
|Web: www.bigfootbiomedical.com||Jen Block, Director, Clinical Innovation|
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